Exactly why Typical Trader Rules Dont Apply here. To call this just a chart or TA play is indeed an understatement and oversimplification. Yes the chart is beautiful to say the least, but this is NOT just a trade the chart situation. Having said that, i have seen .25 target from the moment i first laid eyes on the chart. Now, learning about this mgmt and this unique strategy of debt reduction and very possible Naz relist going forward only makes me feel more confident that this (.25) is in no way a to the moon prediction and is probably on the low side.
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